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Demographics
Population
Median Income
Racial Distributions
Felty Farms, a neighborhood in Gilbert, Arizona, has experienced significant demographic changes over the past decade. As of 2022, the neighborhood has a population of 3,607 and a median income of $144,646. The community has transitioned from low diversity to moderate diversity while maintaining a white majority. The most notable change has been the substantial increase in the Asian population, rising from 8% in 2013 to 22% in 2022.
The median income in Felty Farms has shown an overall upward trend, rising from $132,130 in 2013 to $144,646 in 2022, with a peak of $168,385 in 2021. This economic growth correlates with the increasing diversity, particularly the rise in the Asian population. The rapid population growth, from 966 in 2013 to 3,607 in 2022, suggests a booming local economy and housing market.
The demographic shifts in Felty Farms align with broader trends seen in many growing suburban areas across the United States, particularly those near tech hubs or expanding metropolitan areas. The increasing Asian population is consistent with national trends of Asian Americans being the fastest-growing racial or ethnic group in the U.S.
The neighborhood's median income is significantly higher than the national median household income, indicating that Felty Farms is an affluent suburb. This high income level, combined with rapid population growth and increasing diversity, suggests that the area is likely experiencing gentrification or is part of a newly developed, high-end suburban community.
The transition from low diversity to moderate diversity, while maintaining a white majority, is indicative of gradual integration and changing demographics in previously homogeneous suburban areas. This trend is often seen in economically thriving communities that attract diverse, highly skilled professionals.
Felty Farms exemplifies a rapidly growing, affluent suburban neighborhood transitioning from low diversity to moderate diversity. The significant increase in the Asian population, coupled with strong economic growth, suggests that the area is attracting diverse, high-income professionals, likely tied to expanding industries in the broader Gilbert or Phoenix metropolitan area. These changes reflect wider national trends of increasing suburban diversity and the growth of Asian American communities in affluent, high-tech suburban areas.